What factors are affecting the strength of competition in the United Kingdom airlines market? Ryanair, Jet2.com, Alaska Airlines, BA CityFlyer, Aurigny Air Services, Loganair, TUI Airways . Although confidence in air travel should continue to improve following more than two years of disruption, the pressure on household finances will put both consumers and corporate travel budgets under pressure. (Other Current Assets * 100) / Total Assets. 5 hCL9K|;z1_uP!ZEc7#vs.rRBo`TiK^ 9N#yId&+ rKW98c$ZG9~2+= e. Mintel estimates that the volume of international passengers uplifted at UK airports will reach 179.8 million in 2022, while the number of domestic passengers is expected to reach 15.0 million in 2022. Find your information in our database containing over 20,000 reports. Estimated to showcase an impressive growth rate during 2021 - 2027, global maritime security market is all set to reach the revenue of around US$38 Bn toward the end of . 3 0 obj Explores UK aviation market size and UK airlines market share. 0000047865 00000 n Current liabilities are generally paid out of current assets or through creation of other current liabilities. Decisive factors when choosing an airline. (All Other Assets & Adjustments * 100) / Total Assets. Dublin, Feb. 28, 2023 (GLOBE NEWSWIRE) -- The "Maritime Security Market - Global Industry Analysis (2018 - 2020) - Growth Trends and Market Forecast (2021 - 2027)" report has been added to ResearchAndMarkets.com's offering. A-Level Model Essays 9.00. startxref 0000031717 00000 n The latter is likely to appeal to those who missed their usual overseas summer holiday this year, thanks to continued COVID-19 restrictions on international travel. trailer 0000134957 00000 n 4 0 obj Call-to-action box updated to the Latest aviation statistics section on page, detailing why there is no 2020, 2021 and 2022 update for the air passenger experience of security screening publication. if #bRIi2\\%%~pv0*2'[? E6m~t8[4OX)[.IT0|qT0r-fF91D:S +?N/B`dO~! performance of the airline industry with airlines and their customers generating $111 billion per year on average in tax revenues. Net fixed assets represent long-term investment, so this percentage indicates relative capital investment structure. Global Airlines Market to Reach $744 Billion by 2026 Amid the COVID-19 crisis, the global market for Airlines estimated at US$332.6 Billion in the year 2020, is projected to reach a. The five-year outlook for the UK airlines market, 2022 will be a much stronger year but multiple challenges hamper recovery, Cost of living crisis delays the recovery of the UK airlines market, Figure 2: International passenger numbers uplifted at UK airports, 2017-27, Figure 3: Domestic passenger numbers uplifted from UK airports, 2017-27, Government support mainly benefits higher earners, APD changes will reduce the tax on domestic flights to support domestic connectivity, UK government publishes Jet Zero strategy for net-zero aviation by 2050, Wizz Air continued to expand during the pandemic, Jet2.com has strengthened its position during the pandemic, Emirates offers economy passengers the option to trade up to premium economy, High earners most likely to take flights, with gap set to widen, Figure 4: Flying habits prior to COVID-19, by purpose, 2022, VFR segment expected to lead the recovery, Figure 5: Intention to take flights in the next 12 months, by purpose, 2022, Airlines will have to ensure passengers feel comfortable booking domestic flights, Figure 6: Intentions to visit destinations by air in the next 12 months, 2022, Older passengers are less eager to return to the skies as often as before the pandemic, Figure 7: Changes in the number of flights expected compared to prior to COVID-19, by age and annual household income, 2022, Soaring inflation poses the biggest threat to the recovery of the airlines market, Figure 8: Reasons for taking fewer flights compared to prior to COVID-19, by age, 2022, Price is the leading factor when choosing an airline, Figure 9: Factors influencing choice of airline, 2022, but a good range of flight times and good customer service can broaden appeal, Innovations focussed on speed can help airports gain a competitive advantage, Figure 10: Most important airport attributes when flying from a UK airport, 2022, Airport foodservices seen as overpriced and chaotic, Broad support among passengers for biometric checks, Figure 11: Attitudes towards flying, 2022, SAF and electric planes will help to enable future growth of the airlines market, The challenge to offering a low price amid rising operation costs, Enhancing the flexibility of search technology, Airport food experiences require improvements, International and domestic passenger volumes remained well below pre-COVID-19 levels in 2021, Figure 12: Passenger numbers uplifted at UK airports, 2016-22, Figure 14: International passenger numbers uplifted at UK airports, 2017-27, Figure 15: Domestic passenger numbers uplifted from UK airports, 2017-27, Energy price cap prevented consumer confidence from falling further, Figure 16: The Financial Confidence Index, 2009-22, Many proposed changes to the UKs tax arrangements abolished following market reaction, Increased operational costs put pressure on ticket prices, Figure 17: Europe Brent Spot price, yearly averages 2010-21, forecast for 2022-23, Staff shortages continue to impact some companies services, Holiday bookings kept up well throughout the summer months, Figure 18: Holiday bookings in the last three months, 2016-22, Holiday booking intentions were around pre-pandemic levels in September 2022, Figure 19: Plans to book a holiday in the next three months, 2016-22, Wizz Air continued to expand its number of bases during the pandemic, Figure 20: Top 10 UK-based airlines, by passenger numbers uplifted globally, 2017-21, easyJet adds more partners to its connection service, British Airways and Qatar Airways Move Further Together, Ryanair adds flights in response to competitor cancellations, Increased competition on routes to the US, while start-ups plan to launch services on underserved routes to India in 2022, Technological innovations to help improve the airport experience, Delta offers personalised airport experience through Parallel Reality technology, RDU opens virtual food hall with gate delivery service, Airlines introduce new premium experiences, Air New Zealand will offer sleep pods to economy passengers in 2024, Virgin Atlantics Retreat Suites will take off in October 2022, Roadmaps for a greener aviation industry continue to be rolled out, New steps taken to make urban air mobility a reality, London City Airport aims to become Londons first net-zero airport, Innovations to enhance inclusivity in the airlines market, MSP Airport opens mock cabin to promote travel equity, PLAY stays away from traditional outfits and instructions for its cabin crew, Virgin Atlantic amends ticketing system for gender-neutral passport holders, Above-the-line spend by airlines is recovering at a slower pace, Figure 21: Total above-the-line, online display and direct mail advertising expenditure on ads by airlines, 2018-21 and H1 2018-H1 2022, Emirates was the second biggest ad spender in 2021, Figure 22: Top 10 above-the line, online display and direct mail advertising expenditure on ads by airlines, 2019-21, Figure 23: Attitudes towards and usage of selected brands, 2022, Figure 24: Key metrics for selected brands, 2022, Brand attitudes: Virgin Atlantic closely associated with worth paying more for, Brand personality: easyJet and Wizz Air seen as accessible airlines, Figure 26: Brand personality macro image, 2022, Of the low-cost airlines, Jet2.com is most closely associated with being caring and reliable, Figure 27: Brand personality micro image, 2022, Reliable performance has boosted Jet.coms image, Figure 28: Satisfaction of brands operating in the airlines market, 2019-22, easyJet had the highest usage level in the year to August 2022, Ryanair continues to enjoy high usage despite relatively low customer ratings, Despite decline, British Airways continues to have the highest share of committed users, Figure 29: Commitment towards brands operating in the airlines market, 2019-22, Despite decline, Virgin Atlantic enjoys the highest customer satisfaction and recommendation levels, Figure 30: Flying habits prior to COVID-19, by purpose, 2022, Figure 31: Intention to take flights in the next 12 months, by purpose, 2022, Three in four passengers plan to fly to a short-haul destination in the coming year, Figure 32: Intentions to visit destinations by air in the next 12 months, 2022, There continue to be opportunities to sell more premium experiences, Emirates uses VR to showcase signature products, Figure 33: Changes in the number of flights expected compared to prior to COVID-19, by age and annual household income, 2022, There remain fears over potential disruption over the coming winter period, Figure 34: Reasons for taking fewer flights compared to prior to COVID-19, by age, 2022, Figure 35: Factors influencing choice of airline, 2022, Figure 36: Factors influencing choice of airline, TURF analysis, 2022, Business travellers are the least price-sensitive segment, Figure 37: Most important airport attributes when flying from a UK airport, 2022, Figure 38: Most important airport attributes when flying from a UK airport, by age, 2022, Majority of passengers are concerned about the expected price increase of flight tickets, Figure 39: Consumer concerns about expected price increase of flight tickets, 2022, Figure 40: Attitudes towards flying, 2022, Figure 41: Factors influencing choice of airline, TURF analysis table output, 2022, Figure 42: Total passenger numbers uplifted at UK airports, 2022-27, Figure 43: International passenger numbers uplifted at UK airports, 2022-27, Figure 44: Domestic passenger numbers uplifted at UK airports, 2022-27. `o3vp)%S/]@Q`4H3p#|ZVJX7 Wik*i~|bvOSSkrP'yEW/+KD'*7: J`+F9EpC,{MK>P The UK airlines industry had total revenues of $11.0bn in 2020, representing a compound annual rate of change (CARC) of -30.8% between 2016 and 2020. Figure 1: Short-, medium- and long-term impact of COVID-19 on the UK airlines market, 2020-25. International and domestic passenger volumes will remain well below pre-COVID-19 levels in 2021. Purchase drivers when choosing an airline. However, companies within the same industry may have different terms offered to customers, which must be considered. A comparison of this ratio may indicate the extent of a companys control over credit and collections. The product is a PDF. This percentage represents all current assets not accounted for in accounts receivable and closing inventory. Statista assumes no The value of international trade shipped by air this year will be $7.5 trillion, up 15% from 2019, and will rise by another 7.2 percent in 2022. Data for this publication is drawn from Civil Aviation Authority Departing Passenger Survey. These pages are undergoing reviews and updates. United Kingdom, 333 West Wacker Drive Domestic and international tourism saw a marked decline in 2020 due to travel restrictions and lockdowns, which led to a significant decline in the airlines industry. For further updates to release schedules, please see Changes to DfT statistics publications due to coronavirus (COVID-19). Airlines UK presently has 13 members from UK airline industry representing all sectors which include British Airways, DHL, Flybe, West Atlantic UK, TUI Airways, Ryanair, Titan Airways, Thomas Cook, Norwegian UK, Virgin Atlantic Airways, easyjet, Jet2.com and CargoLogicAir. data than referenced in the text. We are unable to produce the 2021, 2022 and 2023 editions of the Air passenger experience of security screening publication. "=1wz/Jy'_|/ VW:][&R08R6 '4:&I2yV2/zl!q x|kzJ%y#[u\ h,[TO,oEiCJ>HE?{z,F W(HpNwYFk%F~%~o2-kt! We therefore expect to be able to provide updated statistics from 2024 onwards. The Airlines Market in the United Kingdom (UK) was estimated to be valued at $10.96 Billion in 2020. 0000001076 00000 n While a stronger ratio shows that the numbers for current assets exceed those for current liabilities, the composition and quality of current assets are critical factors in the analysis of an individual firms liquidity. Importance of airport attributes when flying from a UK airport. Mintel provides a range of market information, frequently through the category level, including market size and forecasting, complete with market drivers that illustrate the forces that shape a category or market. This product is a market research report. The market research report includes: Historical data and analysis for the key drivers of this industry. Mintel Group Limited There are also opportunities for promoters to partner with local start-ups to repurpose plastic waste into clothing merchandise for example. Mintels proprietary consumer research provides our analysts with the attitudinal and behavioral data used to provide valuable insight to topical issues. Company activity among major airlines during the pandemic. What was the size of the United Kingdom airlines market by value in 2020? (Current Bank Loans * 100) / Total Assets. 2023 Copyright Mintel Group Limited. This ratio is not very relevant for financial industries. Airline statistics for each month of 2021 UK airline data 2020 Airline statistics for each month of 2020 UK airline data 2019 Airline statistics for each month of 2019 UK airline data 2018 Airline statistics for each month of 2018 UK airline data 2017 Airline statistics for each month of 2017 UK airline data 2016 Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. L%HaTpgL07:VjkcRu$_CZe9>f PQYRIfIt(O:|4Uk:?{K-]L3VVu U(\^ Dusseldorf: +49 (0) 211 3399 7411 Please enter your comments below, or use our usual service contacts if a specific matter requires an answer. Clicking on the following button will update the content below. 0000021789 00000 n The debt to equity ratio also provides information on the capital structure of a business, the extent to which a firm's capital is financed through debt. London, EC4V 5EX Martin will help you find what you are looking for. Chicago, IL 60606 When you relate the level of sales resulting from operations to the underlying working capital, you can measure how efficiently working capital is being used. Read on to discover more details or take a look at all of our UK Holidays and Travel market research. (Total Current Assets * 100) / Total Assets. Behaviour regarding the environment and flying. Figure 2: COVID-19 scenario forecasts for the volume of International passenger numbers uplifted at UK airports, 2016-2026. Kaistrae 5, 40221 Dsseldorf According to this report the global travel insurance market size was valued at $19.24 billion in 2019, and projected to reach $37.0 billion by 2027, growing at a CAGR of 8.6% from 2020 to 2027. Industry consumption volumes declined with a CARC of -27.6% between 2016 and 2020, to reach a total of 68.5 million seats sold in 2020. Our tables of data are easily manipulated and downloadable to support your research needs and covers factors from consumer attitudes to market forecasts. This market report provides in-depth analysis and insight supported by a range of data. Chicago, IL 60606 UK aviation industry is expected to see a CAGR of 3.3% during the period (2019-2025). Please Note: This is a sample report. The Departing Passenger Survey was suspended from March 2020 to June 2021 because of the coronavirus (COVID-19) pandemic, so data is not available for this period. This figure represents the sum of two separate line items, which are added together and checked against a companys total assets. Mintel provides overviews of the top brands and manufacturers, and uses consumer research to explore attitudes and reactions to brands, as well as insight into what will resonate with consumers. Consumer Lifestyle, Marketing & Promotion, UK Impact of COVID-19 on Transport Usage Market Report 2021, US COVID-19 Impact on Travel: One Year Later | Market Report 2021, Ride Sharing and Mobility Services - Canada - March 2020, US Alternative Transportation Market Report 2020. liability for the information given being complete or correct. Brands: Emirates, Virgin Atlantic, British Airways, Wizz Air, easyJet. 1 0 obj Due to varying update cycles, statistics can display more up-to-date This percentage represents all other assets not elsewhere recorded, such as long-term bonds. Registered on the Mintel store? Sydney: +61 2 8315 2110 Data and statistics about UK airports, air passenger experiences and international airports and airlines. This is a single user license, allowing one user access to the product. An assessment of the competitive landscape and market shares for major companies. We are working with the Civil Aviation Authority to restore security screening questions to the survey from the start of 2023. British Airways was floated on the stock market in 1987 as part of the spate of privatisations of state-owned businesses by the Conservative government of the era. Marloes de Vries Trends in holiday booking intentions and bookings. Consumers perceptions of seven key players in the UK aviation market. 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